The report "Shortwave Infrared (SWIR) Market with COVID-19 Impact Analysis by Scanning Type (Area Scan and Line Scan), Technology (Cooled and Uncooled), Application (Security and Surveillance, Monitoring and Inspection, and Detection), Vertical (Industrial and Non-industrial), and Region - Global Forecast to 2025", is projected to grow from USD 177 million in 2020 to USD 279 million in 2025, at a CAGR of 9.6%. The growth can be attributed to the rising demand for line-scan SWIR cameras for machine vision applications, increasing penetration of SWIR cameras in the military & defense vertical, and growing adoption of SWIR cameras in commercial applications.
Download PDF Brochure:-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=52975079
Line-scan SWIR, by scanning type, is expected to grow at the highest CAGR during the forecast period.
The SWIR market for line-scan SWIR technology is expected to grow at the highest CAGR during the forecast period. Line-scan SWIR technology enables users to see beyond the visible spectrum; this allows cameras based on SWIR technology to be used in night vision enhancement, moisture detection, solar cell inspection, camouflage detection, silicon wafer inspection, and surveillance applications.
Uncooled SWIR, by technology, is expected to have the largest market share during the forecast period.
Uncooled SWIR technology has fewer moving parts that tend to have much longer service lives than cooled systems under similar operating conditions. The maintenance of the uncooled SWIR technology is hassle-free owing to the absence of the cryocoolers, which create hurdles and are expensive to replace.
Security & surveillance, by application, is expected to have the largest market share during the forecast period.
Round-the-clock surveillance in all weather conditions is a necessity for many military and emergency services. Intruders often try to disguise their movements using various methods of camouflage that adapt to the prevailing situations. They exploit atmospheric conditions, such as haze, fog, or sandstorms, and may even deploy smoke grenades. Haze and smoke are not barriers in the operation of SWIR detectors. Although the color content of the visible realm is uncaptured, SWIR images that are formed by light reflected by the objects observed can be interpreted as easily and directly as those in the visible realm.
Non-industrial vertical, by vertical, is expected to grow at the highest CAGR during the forecast period.
With an increasing demand from pharmaceuticals and medical industries, SWIR technology has seen a huge growth in applications such as scientific research and medical. SWIR technology is critical for every application mentioned and is widely used, which is expected to lead to the highest growth rate of the non-industrial vertical during the forecast period.
APAC, by region, is expected to grow at the highest CAGR during the forecast period.
APAC is set to witness the highest growth rate during the forecast period due to the numerous manufacturing capabilities of the region. The demand for SWIR technology is increasing in daily manufacturing operations and for reducing the manufacturing costs of products. SWIR detectors are used in the manufacturing process of electronics, food & beverage, and glass and security & surveillance. Considering the tensions between India, Pakistan, and China, the demand for SWIR technology is rising from the military & defense sector of these countries for installations at borders for monitoring and security applications.
A few key players operating in the North America SWIR market are Collins Aerospace (US), FLIR Systems (US), Xenics NV (Belgium), New Imaging Technologies (France), Allied Vision Technologies (Germany), Hamamatsu Photonics K.K. (Japan), Photon etc. (Canada), and Teledyne Princeton Instruments (US).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
No comments:
Post a Comment